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Where can i invest my money so that interest is charged monthly instead of every year? |
i have 10,000 to invest for at least a year and i am able to add 1,000 more each month? any suggestions on how to invest? lending tree hjdj ingdirect.com That is the million dollar question!!! a roth acc CDs.ask an investor at YOUR bank. Both of my banks do monthly interest. A money market account usually has higher interest. But you would need a 10% interest rate...which is rare. talk to a broker about a mutual fund that has at least, minimum 12% growth per year. Your additional investments in the same fund will increase your earning potential. It depends on the total time u can definitely leave it in and the % of chance that you will need to pull some of it out, during that year. A year is a very short period of time, for an investment to give a return. Go to a financial advisor.That is a lot of money to lose by investing foolishly. I bought stocks on the dollar cost average system and it has done well. What that is is you invest the 10,000 and each month have your 1,000 direct deposited to the fund. They buy stocks that you choose at the going rate. Some months you will buy more than others depending on the rate at the time of purchase. Another more secure way is to buy certificates of deposit from your bank. The rates are going up now so it's a good time. I would not advise you to buy your stocks through the bank as you don't seem to have as much say so over them and it's harder to talk to a financial officer as they seem to travel from bank to bank.(at least that's the way it is here) Hope this helps You can buy a stock like Pfizer (PFE) at a low price and sign up for their dividend reinvestment plan that will buy you more shares. Plus you can set up your bank account for a $1000 withdrawal to buy more shares of PFE. The price is so low that you would be gaining a dividend with a yield of 5%. |
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I don't know what are your plans for saving this money. Is it for retirement or for some other long term goal? Or is it for some short term goal such as buying a home in the next 24 months? ... You can open an free Marketiva forex \gold\fund\indexs online trading account , with $5 reward and $20000 virtrual fund for practice .Just click the following link to open an account. ... Depending on your age, a Fixed Annuity purchased directly through and insurance company, not a bank or broker can yield you some of the best interest out there for no fees. They are safe, and comp... There are no safe investments. Investing is always a risk but not investing is a sure way to stay poor. I would look into mutual funds some will allow you to open an account and they will draw from... Go for it! ...1. Open retirement accounts as soon as you can (you'll need earned income to do so). A Roth IRA would be good. A 401(k) with an employer matching contribution would be better. See the firs... stocks alot if you want to make alot of money a little if you dont and wont have to risk much ...yes split it into three parts invest part 1 in low risk low return investment like premium bonds invest part 2 in medium risk investments invest part 3 in higher risk investments ie don... |
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